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by vomitcuddle 3005 days ago
>Sometimes it looks like people throw blockchain in a project not on technical merits but because they think the buzzword is a VC magnet.

That's because they do. A Blockchain without decentralization (and therefore no need for proof-of-work consensus) is functionally just an immutable, append-only object database - the same sort of data structure that any modern, distributed source code version control system (like Git) has always used, before "Blockchain" was even a thing.

2 comments

It's sad how often this happens. I regularly talk with people in "blockchain startups" only find out that they're the sole operators of the network. Congrats guys, you just raised $30 mil to build a highly-clustered event sourcing database
Which is true, but what’s wrong with that? Perhaps there is a valuable approach to developing apps using a “blockchain” type approach, which enables trusted or non-trusted 3rd parties to more easily drop in on it than through a traditonal API.